GREY:MWSWF - Post by User
Post by
NycePriceon Jan 31, 2015 4:23pm
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Post# 23385336
POC Fluctuates as any Commodity Thru Cycles
POC Fluctuates as any Commodity Thru CyclesThe price of copper at US$2.51 a pound is still healthy, given that it continues to trade at a higher level than at any time before 2006.
Mines Running 1% and 2% Head grade need to be Concerned,
MAWSON is Looking at 3%-5% so a very Different Ballgame. Copper Grade is not the RISk here...the Discount here is more Political Stability RISK more likely if you ask me. If this Mine was Located in British Columbia ....MWE SP Would be $0.50 easy.
VERY IMPORTANT NOTE: Historically the copper industry also had problems maintaining existing mines at current rates of production...hence the Price Volatility as illustrated Above